Future Value and Present Value Tables Table I 14115 141 12:7 1.300 .100 2.144 102 215 15 1 Table II 1500 2 30 2.100 2120 Table III 11 S27 A29 207 23? 195 12 15 12 Table IV Preenta.et Sereeo ,- 3 2775 2A73 2677 2487 2402 2.322 2246 2174 2106 2,042 1 1 1.062 1 3aa 1.81e 5 4A52 4212 :BRI :)1 3N6 2435 3274 3127 2.391 2,064 276 268 2.05 2St2 243 48 a 544 3 Allegience Insurance Company's management is considering an advertising program that would require an initial expenditure of $165,500 and bring in additional sales over the next five years. The projected additional sales revenue in year 1 is $75,000, with associated expenses of $25,000. The additional sales revenue and expenses from the advertising program are projected to increase by 10 percent each year. Allegience's tax rate is 40 percent. (Hint: The $165,500 advertising cost is an expense.) Use Appendix A for your reference. (Use appropriate factor(s) from the tables provided.) Required: . Compute the payback period for the advertising program. 2. Calculate the advertising program's net present value, assuming an after-tax hurdle rate of 10 percent. (Round your intermediate and final answers to the nearest whole dollar) 1. Payback period 5 years 2. Net present value(29,143)